Mark L. Korell has been named chief marketing officer of Root Markets Inc., which operates a New York-based commodities exchange for trading and monetizing Internet-generated consumer leads.Mr. Korell was most recently a senior managing director at W.J. Bradley Co., a national private equity firm. Before that, he was chairman and an owner of Stonecreek Funding Corp. Previously, he served as president of lender and investment services at Wells Fargo Home Mortgage Inc., where he "oversaw the negotiations, purchase, and successful operational integration of Prudential Home Mortgage, a $3 billion acquisition," Root Markets said. Mr. Korell has also served as president and chief executive officer of GMAC Mortgage Group and of Residential Funding Corp. Root Markets can be found online at http://www.rootmarkets.com.
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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
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